U.S. 2028 Presidential Election Season and General U.S. Politics Thread

turboman said:
I don't understand the economic sense of the Trump actions.

First, he gets rid of a lot of immigrants, many of whom do low paying jobs in agriculture. So Americans have to take up those low level jobs.
The unemployment rate is low in the US, 4%, so putting pressure on the labour market increases prices and inflation.

Then he introduces tariffs on order to bring jobs back to the US. Jobs that were stolen by other rapist countries. In order to Make America Great Again.
Vietnam really raped the US lately. So he put a high tariff on Vietnam. That would bring the low level pay Vietnam jobs to the US.
Which means again, replacing higher pay US jobs with low pay jobs.
At the same time, there are not enough unemployed people in the US to take up the new jobs. So labour market tightening and inflation increasing.

For sure, I must see this wrong somewhere. I am not that intelligent.
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Clearly he fired all the government officials so they can work those low paying illegal immigrant jobs from now.
 
turboman said:
I don't understand the economic sense of the Trump actions.

First, he gets rid of a lot of immigrants, many of whom do low paying jobs in agriculture. So Americans have to take up those low level jobs.
The unemployment rate is low in the US, 4%, so putting pressure on the labour market increases prices and inflation.

Then he introduces tariffs on order to bring jobs back to the US. Jobs that were stolen by other rapist countries. In order to Make America Great Again.
Vietnam really raped the US lately. So he put a high tariff on Vietnam. That would bring the low level pay Vietnam jobs to the US.
Which means again, replacing higher pay US jobs with low pay jobs.
At the same time, there are not enough unemployed people in the US to take up the new jobs. So labour market tightening and inflation increasing.

For sure, I must see this wrong somewhere. I am not that intelligent.
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My impression is that the plan of Trump and the Republican party (In a totally skewed and clumsy way ) is to tank the economy.
Wages will get lower.
Jobs will be less.
Americans will take the low paying jobs of immigrants.
US will get full employment and get rid of immigrants.

It is such an unrealistic plan that I wonder which dickhead has thought it out.
 
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maikeru said:
My impression is that the plan of Trump and the Republican party (In a totally skewed and clumsy way ) is to tank the economy.
Wages will get lower.
Jobs will be less.
Americans will take the low paying jobs of immigrants.
US will get full employment and get rid of immigrants.

It is such an unrealistic plan that I wonder which dickhead has thought it out.
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Remember all these funds that could flow throught their bullshit crypto? among other shady funds… just think about how much profit they can make by 1) tanking the markets into a krach, then 2) buy cheap with this free unregulated cash flow they got, and 3) announce whatever will make the markets go back up.

The only positive I get out of all of this, is that I really hope the US lose their superpower privilege of being the measuring stick for everything. Seeing Japan - Korea - China strengthen their economic ties ; the EU wake up about defense ; Canada ever so close of becoming European etc… that gives me hope that we can get to a place where several regions are balancing the economic world order, instead of having one almighty racist drunk uncle in charge of it all 🙏🏼
 
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:ROFLMAO::ROFLMAO:
https://fxtwitter.com/BillAckman/status/1909206619897946361

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Screenshot_20250407_230659_Gallery.jpg
 
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SoFreshSoClean said:
The only positive I get out of all of this, is that I really hope the US lose their superpower privilege of being the measuring stick for everything.
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Will definitely lose some power, not sure to what extent yet. Kinda depends on how things play out over the next 5 years, but it will take a hit no matter what.
 
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turboman said:
I don't understand the economic sense of the Trump actions.
Click to expand...
Because you're thinking like a non-rich person. You are looking for reasonable and logical intent in a frame of reference where they are not acting from.

One thing billionaires learned from the last 3 recessions (dotcom/2000, housing/2007, and covid/2020) is that when the economy tanks, billionaires with excess cash end up way way way richer after the recovery. While regular people are liquidating retirement accounts in order to survive, billionaires are buying up all the stocks, companies, real estate, and assets of the the rest of the world for pennies on the dollar. Then the value goes back up when a reasonable person becomes leader, and voila, hundred-millionairs are now billionaires, billionaires are now ten/hundred billionaires. And I bet after this time, we will see the world's first trillionaire.

It doesn't make sense to us because we're not psychopathic billionaires willing to destroy countless lives for a meaningless increase in net worth.
 
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I'm very glad I pulled out of the stock market at a good time just after elections. I need the money for surviving for the moment, but I'll definitely buy into some things again when I feel they hit a bottom. Maybe not as much as I had in before but enough so it'll be okay

I was invested in vanguard and Berkshire but both didn't seem to grow and are rather stagnant throughout this, at least they got back to where they were at throughout the madness.

may get better in a few years for those still holding and collecting dividends yes but it's going to be ass looking for a while.

Best to follow the king of the stock markets movements on when to start buying up. Presently it looks like he's focusing on Japan investments and shoring them up some more (even if some said he was just redoing what he already had put into Japan companies and other things prior)
 
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qcryp said:
Will definitely lose some power, not sure to what extent yet. Kinda depends on how things play out over the next 5 years, but it will take a hit no matter what.
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I don't think we recover for a long time.

Our market might but we lost in November.

Simply put who trusts a nation that elects a moron, he tried to launch a coup and is horrid, we elect a fixer… then elect the moron a second time after he gets a bunch of felonies too?

America is now going to be viewed as something worse than a dictatorship for trade, far worse: unstable. Stable dictatorships are great- trade lasts a long time. Same with democracies. Flip flopping every 4 years- every 2 years- means they need to ditch us.
 
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zera said:
America is now going to be viewed as something worse than a dictatorship for trade, far worse: unstable. Stable dictatorships are great- trade lasts a long time. Same with democracies. Flip flopping every 4 years- every 2 years- means they need to ditch us.
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No worries, according to Trump there will never be another election…
 
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Even if the tariffs were to result in new factories being built in America, that takes time and much of the work is likely to be performed by industrial robots anyway.
 
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So there are members of Congress still purchasing Amazon stock. Question is when will they put an end to this shemozzle?
 
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This economic incompetence reeks of Russian influence.

America's enemies benefit the most when its economy is weakened and alienated its allies.

Whatever little blip of middle class prosperity from WWII died when Reagan took office.

We have spineless politicians paid off by sociopathic corporations and voted in by morons.

This country deserves all of the self-inflicted pain.
 
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